P2P Web Payment Integration Using QR Codes for Self-Service Checkout
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Solution Overview
Problem
Existing checkout experiences in brick-and-mortar stores require customers to interact with employees and/or point-of-sale devices, introducing friction into transactions.
Innovation Solution
Integration of a peer-to-peer (P2P) payment platform with a payment processing platform, enabling customers to use their own computing devices to scan QR codes or transaction codes for contactless payments, allowing interactions such as cart building, incentive application, and payment authorization directly on their devices.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If customers use traditional checkout methods with employees and POS devices, then payment can be processed, but friction is introduced into the transaction process
Solution Approach 1:
The patent enables customers to perform checkout operations independently using their own mobile devices. The system allows customers to scan QR codes, view their carts, apply incentives, and authorize payments without requiring employee assistance or traditional POS device interaction, thereby eliminating friction and reducing transaction time
Solution Approach 2:
The patent introduces a mobile device as an intermediary between the customer and the payment processing system. The mobile device serves as a bridge that connects the customer's payment intent with the merchant's receiving system through QR code scanning and communication with payment platforms, streamlining the transaction process
2Reliability
If customers interact with employees and POS devices for payment, then payment can be remitted, but customer control and privacy are reduced
Solution Approach 1:
The system empowers customers to maintain control over their payment process by allowing them to review their carts, apply incentives, and authorize payments directly from their mobile devices. This self-service approach enhances customer control while maintaining reliable payment processing through secure authentication mechanisms
3Reliability
If traditional checkout methods are used, then payment can be processed, but security measures are limited
Solution Approach 1:
The mobile device acts as a secure intermediary that implements two-factor authentication by combining something the customer has (mobile device with QR code scanning capability) with something the customer knows (payment authorization). This enhances transaction security while maintaining user-friendly operation
Solution Approach 2:
The system performs preliminary authentication and authorization actions before the actual payment transaction. By requiring customers to scan QR codes and authorize payments in advance, the system establishes security measures beforehand, ensuring reliable and secure transaction processing
Data Source
AI summary
Application integration for web payments is described. In an example, a peer-to-peer (P2P) payment platform can present, via a web browser, a merchant web page that includes an actuation mechanism for selection of a payment making platform for making a payment for a transaction. The peer-to-peer (P2P) payment platform detects interaction with the actuation mechanism and presents a prompt for a user identifier via the web browser. The peer-to-peer (P2P) payment platform sends the user identifier (which is associated with an account of the user) to the payment making platform and receives an indication of the user account from the payment making platform. Based on the indication and the transaction data, the peer-to-peer (P2P) payment platform transfers funds from a stored balance of the user to a merchant account of the merchant. The peer-to-peer (P2P) payment platform presents at least a portion of the transaction data.